In August of 2015, PFI purchased a portfolio of five Penrose properties for $28.5 million. Two years on, PFI General Manager, Simon Woodhams, talks about the creation of $13 million of shareholder value from that transaction.

“Think about the box your new i-Phone came in,” says Rodger Eaton, Managing Director of Boxkraft. “It’s not just protecting the product, it’s presenting it. The packaging is integral to the purchase experience.”

There are more dairy cows in New Zealand than people – more than five million now – producing over 21 billion litres of milk annually. No wonder, then, that ADM’s New Zealand business grew by 70% last year.

“Buy land,” said Mark Twain. “They’re not making it any more.” In this case, we acquired not only land - 2.9 hectares in Penrose: Auckland’s tightly-held economic engine room - but also high-quality industrial buildings. We are now securing tenants.